Gelineau & Associates R.E. Sells Multifamily Property In Waltham, MA For $2.4M
SOLD
$2,400,000
Massachusetts
See Similar DealsMultiFamily6,172 SF
Sold 03/31/2022
SOLD
Gelineau & Associates R.E. Sells Multifamily Property In Waltham, MA For $2.4M
71 Francis Street, Waltham, Massachusetts 02451, United States
See Similar DealsMultiFamily6,172 SF
Sold 03/31/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$388
Total Square Footage:6,172 SF
Transaction Type:Sale
A multifamily property located at 71 Francis St in Waltham, MA has been sold for a total of $2,400,000. The property spans 6,172 square feet, resulting in a price per square foot of $389. The sale took place on 03/31/2022.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 71 Francis St, Waltham, MA
- Market: Waltham, MA
The sale was facilitated by Glenna Gelineau from Gelineau & Associates R.E., who represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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